Fireblocks has recently announced that institutional customers have leveraged their secure infrastructure to process $150B in digital asset transfers. With the company seeing tremendous growth, they have announced two new offices in Germany and France to expand operations.
Fireblocks Milestone
Fireblocks recently announced that institutional customers have processed more than $150B in digital asset transfers through their platform. Fireblocks is an enterprise-grade platform that delivers secure infrastructure for moving, issuing, and storing digital assets. Institutional clients that rely on Fireblocks include exchanges, OTC desks, lending desks, liquidity providers, and hedge funds.
This news comes only a few weeks after Fireblocks announced they were working with Revolut, which is one of the largest fintech companies in Europe. Fireblocks is expected to help Revolut introduce crypto services to 13 million users. At the time of the original reporting, Revolut had become the 100th customer of Fireblocks. With demand for crypto assets on the rise, Fireblocks is looking forward to opening two additional offices in Germany and France.
Expanding Operations
In an attempt to service growing demand in digital assets and real-time payments, Fireblocks will be expanding operations in Europe by adding offices in France and Germany. The expansion in Europe is expected to be seamless, especially since the EU is providing a lot more clarity on the crypto markets compared to other geographic regions. With the EU taking the proper steps to fuel cryptocurrency adoption, Fireblocks believe they have a perfect opportunity to scale their operations.
Michael Shaulov, the CEO of Fireblocks stated that:
“The EU region is seeing increased interest from institutions as new regulatory clarity provides a framework for how to compliantly operate in the digital asset space. We are excited to expand our footprint in the region to help our customers launch product offerings for digital asset support and provide the tools that will steward this next phase of growth, innovation and adoption.”
In addition to Revolut, Fireblocks has already been in connection with other European fintech leaders like B2C2 and AMDAX. It is important to note that AMDAX is the world’s first crypto service provider that is registered with the central bank of the Netherlands. In addition, there are more than 20 other institutional customers in the region that are working with Fireblock’s next gen wallet technology for digital assets.
AMDAX Leadership Feedback
With Fireblocks providing companies with secure rails and wallet infrastructure, it is allowing them to scale their operations into new horizons. In an environment where competition continues to mount, Fireblocks is giving digital banks and fintech companies the ability to:
- Bring to market productive products and services
- Induce new revenue streams
- Revolutionize real-time global payments
- Modernize various payments services
Melvin Lazeron, the Co-Founder and Director at AMDAX commented that:
“We checked a lot of custodian solutions on the market, and by far the best one for us was Fireblocks. Their solution not only has cutting-edge tech with its MPC technology (enabling more client flexibility and control), but it also greatly decreases our administrational burden and vastly increases our settlement speed. On top of all of that, Fireblocks enables us to offer the most comprehensive digital asset insurance to our clients. This gives our clients a much better and safer experience and results in a more mature market.”
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